FIDELITY MUNICIPAL TRUST
497, 1995-09-06
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SUPPLEMENT TO THE
FIDELITY INSURED TAX-FREE PORTFOLIO
PROSPECTUS
DATED FEBRUARY 19, 1995
Effective August 24, 1995, the following information replaces the 
similar information found in the "Charter" section beginning on 
page 8.
George Fischer is manager of Insured Tax-Free, which he has 
managed since August 1995. He also manages Spartan Bond 
Strategist and various trust accounts. Mr. Fischer joined Fidelity 
in 1989, after receiving an M.B.A. from the University of 
Pennsylvania.
The following information replaces similar information found on 
page 9.
Although the fund can invest in securities of any maturity, it 
generally invests in medium and long-term bonds and maintains 
a dollar-weighted average maturity of 10 years or longer.
SUPPLEMENT TO THE
FIDELITY INSURED TAX-FREE PORTFOLIO
PROSPECTUS
DATED FEBRUARY 19, 1995
Effective August 24, 1995, the following information replaces the 
similar information found in the "Charter" section beginning on 
page 8.
George Fischer is manager of Insured Tax-Free, which he has 
managed since August 1995. He also manages Spartan Bond 
Strategist and various trust accounts. Mr. Fischer joined Fidelity 
in 1989, after receiving an M.B.A. from the University of 
Pennsylvania.
The following information replaces similar information found on 
page 9.
Although the fund can invest in securities of any maturity, it 
generally invests in medium and long-term bonds and maintains 
a dollar-weighted average maturity of 10 years or longer.
ITP-95-1 September 4, 1995
ITP-95-1 September 4, 1995



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